CHOFX(www.chofx.org)today
announced the launch of a new physically delivered Silver (1,000 oz.) futures
contract. This contract will be listed with, and subject to, the rules and
regulations of CHOFX.

"CHOFX
is introducing our new 1,000-oz. silver futures contract in response to demand
from our customers, who are increasingly looking for cost-effective ways to
manage risk," said Robert Chi-sun Lee, CHOFXManaging Director Commodity Trading Division. "The
smaller size will provide market participants with greater flexibility to
manage their silver price risk, and serve as a more cost-effective tool for
individual investors or others looking to hedge against economic uncertainty.
This is the first contract of its size that will be fully fungible and
deliverable against our existing benchmark silver futures contract."

At one-fifth the size of the existing 5,000-oz. Silver
futures contract, this new contract will be conveniently sized for CHOFX’s market participants seeking to
trade physical silver in smaller increments. It will be fully fungible with the
full-sized Silver futures contract, which means that CHOFX’s customers who accumulate five warehouse depository receipts
of the 1,000-oz. contract can convert them into one 5,000-oz. Silver futures
contract.

The addition of a deliverable, 1,000-oz. silver futures
contract to the CHOFX's deep and
liquid benchmark precious metals products is expected to provide new trading
opportunities for market participants around the globe.

This contract will be available on the CHOFXelectronic trading platform, for
over-the-counter (OTC) clearing through CHOFX
Clearing Membersand open outcry on the trading floor in Beijing.

About
CHOFX

China Options and Futures
Exchange(CHOFX)
(www.chofx.org ) is an Asian exchange with customer
access available virtually all over the world. Our customers consist of
professional traders, financial institutions, individual and institutional
investors, major corporations, manufacturers and producers. Customers include
both members of the exchange and non-members.